How are the three figures related?

Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.

What is the board sorted by?

By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead — the table carries all three so you can compare cash generated, reinvested, and left over.

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Companies With the Most Cash Flow

How This List Is Built

Companies ranked by trailing twelve month operating cash flow, shown next to their capital expenditures and free cash flow — the full cash-generation picture in one table, converted to US dollars.

We sum operating cash flow, capital expenditure, and free cash flow from the latest four quarterly cash flow statements, convert to US dollars at daily exchange rates, and rank by operating cash flow descending. Banks and insurers, whose cash flow is dominated by deposit and loan movements, are excluded. Refreshed nightly.

Frequently Asked Questions

How are the three figures related?: Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.
What is the board sorted by?: By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead — the table carries all three so you can compare cash generated, reinvested, and left over.

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Companies With the Most Cash Flow

Data as of Aug 10, 2026prices update during market hours (15-min delayed)all figures in USD

Rank	Company				Country
1	Alphabet Inc.GOOGL	$185.68B	$132.40B	$53.27B	US
2	Microsoft CorporationMSFT	$182.94B	$115.95B	$66.99B	US
3	Amazon.com, Inc.AMZN	$161.40B	$173.03B	−$11.63B	US
4	Apple Inc.AAPL	$146.72B	$10.04B	$136.68B	US
5	Samsung Electronics Co., Ltd.005935.KS	$138.79B	$38.67B	$100.13B	KR
6	Saudi Arabian Oil Company2222.SR	$131.77B	$51.05B	$80.72B	SA
7	Meta Platforms, Inc.META	$130.30B	$89.33B	$40.98B	US
8	NVIDIA CorporationNVDA	$125.65B	$6.57B	$119.08B	US
9	Taiwan Semiconductor Manufacturing Company LimitedTSM	$83.28B	$46.29B	$36.99B	TW
10	Exxon Mobil CorporationXOM	$59.73B	$29.17B	$30.55B	US
11	PetroChina Company Limited601857.SS	$59.63B	$43.06B	$16.56B	CN
12	Micron Technology, Inc.MU	$51.43B	$25.26B	$26.17B	US
13	SK hynix Inc.SKHY	$49.87B	$21.16B	$28.71B	KR
14	Shell plcSHEL	$49.14B	$17.59B	$31.55B	GB
15	Tencent Holdings Limited80700.HK	$48.65B	$15.08B	$33.58B	CN
16	Chevron CorporationCVX	$47.65B	$22.31B	$25.34B	US
17	Deutsche Telekom AGDTE.DE	$47.16B	$16.48B	$30.67B	DE
18	PJSC GazpromGAZP.ME	$46.98B	—	$5.57B	RU
19	China Mobile Limited0941.HK	$41.82B	$22.29B	$19.53B	HK
20	Roche Holding AGROP.SW	$41.61B	$7.77B	$33.84B	CH
21	Walmart Inc.WMT	$40.89B	$28.34B	$12.55B	US
22	AT&T Inc.T	$39.90B	$22.25B	$17.65B	US
23	Verizon Communications Inc.VZ	$38.80B	$17.37B	$21.43B	US
24	Petróleo Brasileiro S.A. - PetrobrasPBR-A	$34.92B	$20.05B	$14.87B	BR
25	Broadcom Inc.AVGO	$33.62B	$860.00M	$32.76B	US
26	TotalEnergies SETTE	$33.03B	$16.70B	$16.33B	FR
27	Comcast CorporationCMCSA	$32.52B	$12.07B	$20.44B	US
28	Vodafone Group Public Limited CompanyVOD	$32.45B	$11.00B	$21.44B	GB
29	Oracle CorporationORCL	$31.98B	$55.66B	−$23.69B	US
30	CNOOC Limited0883.HK	$31.29B	$16.57B	$14.73B	HK
31	LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMOH.DE	$30.67B	$7.71B	$22.96B	FR
32	Christian Dior SECDI.PA	$30.66B	$7.66B	$23.00B	FR
33	BP p.l.c.BP	$29.08B	$12.94B	$16.15B	GB
34	T-Mobile US, Inc.TMUS	$28.83B	$13.00B	$15.83B	US
35	BHP Group LimitedBHP	$28.09B	$14.48B	$13.61B	AU
36	Eli Lilly and CompanyLLY	$28.08B	$8.03B	$20.05B	US
37	Vinci S.A.SQU.DE	$27.03B	$8.31B	$18.73B	FR
38	UnitedHealth Group IncorporatedUNH	$27.02B	$3.40B	$23.62B	US
39	Nestlé S.A.NESN.SW	$26.29B	$7.79B	$18.50B	CH
40	Rio Tinto GroupRIO	$26.26B	$18.23B	$8.03B	GB
41	ConocoPhillipsCOP	$26.22B	$5.28B	$20.94B	US
42	Toyota Motor CorporationTM	$26.04B	$31.52B	−$5.48B	JP
43	Johnson & JohnsonJNJ	$23.70B	$5.00B	$18.71B	US
44	General Motors CompanyGM	$23.20B	$6.70B	$16.50B	US
45	Equinor ASAEQNR	$23.12B	$13.55B	$9.57B	NO
46	China Petroleum & Chemical Corporation600028.SS	$23.06B	$20.00B	$3.07B	CN
47	L'Oréal S.A.LOR.DE	$20.82B	$3.55B	$17.27B	FR
48	China Telecom Corporation Limited601728.SS	$20.62B	$11.01B	$9.61B	CN
49	Novo Nordisk A/SNVO	$20.56B	$13.00B	$7.56B	DK
50	Contemporary Amperex Technology Co., Limited300750.SZ	$20.36B	$7.01B	$13.35B	CN
51	The Procter & Gamble CompanyPG	$20.32B	$4.41B	$15.91B	US
52	Volkswagen AGVOW3.DE	$20.29B	$26.99B	−$6.70B	DE
53	Anheuser-Busch InBev SA/NVBUD	$20.09B	$5.05B	$15.04B	BE
54	Merck & Co., Inc.MRK	$19.97B	$3.90B	$16.06B	US
55	Orange S.A.ORA.PA	$19.71B	$12.54B	$7.17B	FR
56	AbbVie Inc.ABBV	$19.51B	$175.00M	$19.68B	US
57	CVS Health Corp.CVS	$19.03B	$3.87B	$15.16B	US
58	Tesla, Inc.TSLA	$18.69B	$12.92B	$5.76B	US
59	Novartis AGNVS	$18.39B	$2.57B	$15.82B	CH
60	The Home Depot, Inc.HD	$18.03B	$3.72B	$14.32B	US
61	Marathon Petroleum CorporationMPC	$17.13B	$4.23B	$12.90B	US
62	The Walt Disney CompanyDIS	$16.99B	$8.70B	$8.29B	US
63	Ford Motor CompanyF	$16.95B	$9.67B	$7.28B	US
64	Charter Communications, Inc.CHTR	$16.47B	$12.11B	$4.36B	US
65	The Coca-Cola CompanyKO	$16.34B	$2.05B	$14.30B	US
66	PDD Holdings Inc.PDD	$16.02B	$0.00	$16.02B	IE
67	Mercedes-Benz Group AGMBG.DE	$15.98B	$6.76B	$9.22B	DE
68	SanofiSNY	$15.73B	$2.19B	$11.49B	FR
69	Energy Transfer LPET	$15.54B	$8.82B	$6.72B	US
70	National Grid plcNGG	$15.47B	$25.03B	−$9.56B	GB
71	Enel S.p.A.ENEL.MI	$15.41B	$9.85B	$5.55B	IT
72	Salesforce, Inc.CRM	$15.22B	$560.00M	$14.66B	US
73	Korea Electric Power CorporationKEP	$15.15B	$11.50B	$3.65B	KR
74	Costco Wholesale CorporationCOST	$15.00B	$6.19B	$8.81B	US
75	Intel Corp.INTC	$14.94B	$12.11B	$2.83B	US
76	International Business Machines CorporationIBM	$14.89B	$303.00M	$14.58B	US
77	RTX CorporationRTX	$14.82B	$2.80B	$12.02B	US
78	América Móvil, S.A.B. de C.V.AMX	$14.78B	$6.62B	$8.16B	MX
79	Saudi Electricity Company5110.SR	$14.69B	—	−$8.16B	SA
80	Schneider Electric S.E.SND.DE	$14.43B	$2.42B	$12.01B	FR
81	Philip Morris International Inc.PM	$14.26B	$1.54B	$12.72B	US
82	GE Vernova Inc.GEV	$14.14B	$1.70B	$12.44B	US
83	BT Group plcBT-A.L	$13.81B	$10.39B	$3.43B	GB
84	AstraZeneca PLCAZN	$13.81B	$5.07B	$8.74B	GB
85	NextEra Energy, Inc.NEE	$13.80B	$23.98B	−$10.18B	US
86	China United Network Communications Limited600050.SS	$13.63B	$9.88B	$3.75B	CN
87	Caterpillar Inc.CAT	$13.61B	$1.18B	$12.43B	US
88	Gilead Sciences, Inc.GILD	$13.55B	$352.00M	$13.20B	US
89	Zijin Mining Group Company Limited601899.SS	$13.49B	$4.71B	$8.78B	CN
90	PepsiCo, Inc.PEP	$13.46B	$4.17B	$9.28B	US
91	Pfizer Inc.PFE	$13.40B	$2.42B	$10.99B	US
92	Fortescue Metals Group LimitedFSUGY	$13.37B	$6.07B	$7.30B	AU
93	EOG Resources, Inc.EOG	$13.36B	$6.63B	$6.73B	US
94	Sony Group CorporationSONY	$13.28B	$3.01B	$10.28B	JP
95	Accenture plcACN	$13.18B	$600.41M	$12.58B	IE
96	MercadoLibre, Inc.MELI	$13.16B	$703.69M	$12.46B	UY
97	Cisco Systems, Inc.CSCO	$13.03B	$409.00M	$12.62B	US
98	Hermes International Societe en commandite par actions Unsponsored ADRHESAY	$12.96B	$1.40B	$11.57B	FR
99	PJSC LukoilLKOH.ME	$12.88B	$7.00B	$5.88B	RU
100	ASML Holding N.V.ASML	$12.86B	$1.71B	$11.14B	NL
101	Bristol-Myers Squibb CompanyBMY	$12.78B	$1.34B	$11.44B	US
102	Uber Technologies, Inc.UBER	$12.78B	$373.00M	$12.40B	US
103	Hermes International SCAHMI.DE	$12.75B	$1.38B	$11.37B	FR
104	Lenovo Group Limited0992.HK	$12.64B	$2.47B	$10.17B	HK
105	Newmont CorporationNEM	$12.63B	$140.00M	$12.77B	US
106	Glencore plcGLEN.L	$12.61B	$12.57B	$45.99M	CH
107	AyvensAYV.PA	$12.59B	—	−$6.63B	FR
108	Unilever PLCUL	$12.50B	$2.31B	$10.19B	GB
109	Amgen Inc.AMGN	$12.48B	$2.30B	$10.18B	US
110	Dell Technologies Inc.DELL	$12.47B	$3.03B	$9.44B	US
111	QUALCOMM IncorporatedQCOM	$12.40B	$1.99B	$10.42B	US
112	Occidental Petroleum CorporationOXY-WT	$12.26B	$7.24B	$5.01B	US
113	Engie S.A.GZF.DE	$12.20B	$16.24B	−$4.04B	FR
114	Canadian Natural Resources LimitedCNQ	$12.11B	$5.37B	$6.74B	CA
115	British American Tobacco p.l.c.BTI	$12.07B	$925.88M	$11.14B	GB
116	Bharti Airtel LimitedBHARTIARTL.NS	$11.96B	$5.06B	$6.89B	IN
117	Enbridge Inc. CUM RED PREF Series BEBRGF	$11.91B	$9.86B	$2.05B	CA
118	The Southern Company JR 2017B NT 77SOJC	$11.88B	$4.04B	$7.84B	US
119	Polski Koncern Naftowy ORLEN Spólka AkcyjnaPKN.WA	$11.86B	$8.27B	$3.59B	PL
120	Kweichow Moutai Co., Ltd.600519.SS	$11.84B	$420.59M	$11.42B	CN
121	Netflix, Inc.NFLX	$11.81B	$818.83M	$10.99B	US
122	GSK plcGSK	$11.80B	$2.38B	$9.42B	GB
123	Compagnie de Saint-Gobain S.A.GOB.DE	$11.69B	$4.22B	$7.47B	FR
124	Sandisk CorporationSNDK	$11.67B	$177.00M	$11.49B	US
125	Semiconductor Manufacturing International Corporation688981.SS	$11.60B	$7.93B	$3.67B	CN
126	Duke Energy CorporationDUK	$11.58B	$10.04B	$1.54B	US
127	Mitsubishi Corporation8058.T	$11.42B	$2.31B	$9.10B	JP
128	McDonald's CorporationMCD	$11.34B	$3.58B	$7.76B	US
129	Suncor Energy Inc.SU	$11.33B	$3.92B	$7.40B	CA
130	Alibaba Group Holding LimitedBABA	$11.20B	$18.70B	−$7.50B	CN
131	HCA Healthcare, Inc.HCA	$11.12B	$5.13B	$6.00B	US
132	Siemens Energy AGENR.DE	$10.96B	$2.09B	$8.87B	DE
133	Valero Energy CorporationVLO	$10.91B	$817.00M	$10.09B	US
134	SAP SESAP	$10.91B	$845.26M	$10.06B	DE
135	Geely Automobile Holdings Limited0175.HK	$10.88B	$1.05B	$9.83B	HK
136	Hitachi, Ltd.6501.T	$10.84B	$2.43B	$8.41B	JP
137	Adobe Inc.ADBE	$10.83B	$201.00M	$10.63B	US
138	Veolia Environnement S.A.VVD.DE	$10.82B	$3.45B	$7.37B	FR
139	Safran S.A.SAF.PA	$10.77B	$2.30B	$8.47B	FR
140	Compagnie Financière Richemont S.A.CFR.SW	$10.76B	$2.36B	$8.40B	CH
141	Telefónica, S.A.TEF.MC	$10.75B	$5.88B	$4.87B	ES
142	Wise Group plc Class A Ordinary SharesWSE	$10.74B	$66.58M	$10.68B	GB
143	SAIC Motor Corporation Limited600104.SS	$10.72B	$3.22B	$7.51B	CN
144	China Shenhua Energy Company Limited601088.SS	$10.68B	$6.90B	$3.78B	CN
145	Linde plcLIN	$10.49B	$5.51B	$4.98B	GB
146	Airbus SEAIR.DE	$10.48B	$4.73B	$5.76B	NL
147	Deutsche Post AGDHL.DE	$10.47B	$3.32B	$7.15B	DE
148	Lockheed Martin CorporationLMT	$10.40B	$1.67B	$8.73B	US
149	Cigna CorporationCI	$10.28B	$1.16B	$9.11B	US
150	Union Pacific CorporationUNP	$10.26B	$3.76B	$6.50B	US

How This List Is Built

Companies ranked by trailing twelve month operating cash flow, shown next to their capital expenditures and free cash flow — the full cash-generation picture in one table, converted to US dollars.

Frequently Asked Questions

How are the three figures related?: Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.
What is the board sorted by?: By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead — the table carries all three so you can compare cash generated, reinvested, and left over.